Regulatory Activity. If the Department of Education or other applicable governing body or entity (whether governmental or otherwise) creates regulations or rules that, in the reasonable opinion of either Rutgers or Xxxxxxx, significantly impacts any material aspect of this Agreement, the parties will negotiate in good faith to amend this Agreement to address the impact of such regulations to the satisfaction of each party. Rutgers further agrees that it will use its best efforts to reach compliance status with all applicable state authorization requirements by the start of its Fall 2012 academic term.
Regulatory Activity. The commission rates set forth in this Agreement and/or Addendum are subject to the imposition of new regulation, modification of existing regulation, new interpretation, application or enforcement of, or exercise of authority related to, any regulation or finding of any federal, state, and/or local regulatory agency, legislative body, or court of competent jurisdiction, including, without limitation, the imposition of any charges, surcharges, and/or taxes in reliance or as a result of the same (collectively, “Regulatory Activity”). Crazytel reserves the right, at any time, to modify the commission rates and/or other terms and conditions of this Agreement and/or Addendum to reflect the impact of such Regulatory Activity, including, without limitation, the impact of any actions by third parties in connection with such Regulatory Activity. This provision will survive any termination or expiration of this Agreement and/or Addendum.
Regulatory Activity. Institution and Wiley acknowledge and agree that:
